SurgePays forms LWP-SURGE venture with LowWeeklyPayments for smartphone rent-to-own program

• SurgePays formed LWP-SURGE, a Wyoming LLC, as the planned operating vehicle for a joint venture with All Prepaid’s LowWeeklyPayments.
• Proposed venture targets a smartphone rent-to-own program using SurgePays’ dealer network, supported by LowWeeklyPayments’ approval and servicing platform.
• SurgePays expects a 51% stake, manager control, three of five board seats; LowWeeklyPayments would hold 49%.
• Definitive joint-venture agreements are not signed; formation does not commit either party to launch operations or secure portfolio funding.
• No expected material impact from the formation alone; LWP-SURGE has no operations, revenue, assets, or liabilities so far.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surgepays Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-041325), on September 03, 2026, and is solely responsible for the information contained therein.